Client Accounting Services

Outsourcing key business functions is a common strategy for businesses to lower costs and gain operational efficiencies. In today’s environment where finding skilled resources is a challenge for most, outsourcing solutions also provide a valuable alternative to create much needed capacity and scale up skillsets.

Now more than ever in today’s world of virtual and remote management of a US investment, cloud accounting tools serve foreign-owned companies well. Here are seven reasons why you should consider cloud accounting when starting a US subsidiary.

COVID-19 has clearly disrupted life as we know it. Despite these disruptions, businesses continue to operate (some at an altered state) and therefore are required to provide financial reporting to stakeholders.

Clayton & McKervey, an international certified public accounting and business advisory firm located in metro Detroit, is pleased to announce it is again included on the list of the 300 largest public accounting firms in the nation as noted by Inside Public Accounting, a leading accounting trade publication.

The CARES Act provides many benefits, including the Paycheck Protection Program. As promised, here is our detailed analysis of what the program entails.

To help navigate the myriad business disruptions caused by COVID-19, Congress has been busy working on a Stimulus package to help taxpayers. For a deep dive into those topics, please see our article on the Summary of Cares Act.

Businesses face unprecedented challenges due to the COVID-19 health crisis.  Business owners must be proactive to analyze their current situation, seek resources, and prioritize a plan of action to protect their cash position and workforce.

The new revenue recognition standards under Generally Accepted Accounting Principles (GAAP) became effective for private companies for annual reporting periods beginning after December 15, 2018.

A few weeks ago I traveled to Rome, along with my fellow shareholder Sue Tuson, to attend the PrimeGlobal World Conference. PrimeGlobal is one of the five largest associations of independent accounting firms in the world.

Across the manufacturing sector, there is a great amount of diverse strategies, footprints, and segment approaches as they deal with artificial intelligence augmented reality and the ever-increasing spread of robotics.  From an accounting standpoint, the one thing that often unites these companies together is GAAP (Generally Accepted Accounting Principles) which provides...

The complexity of the new standard can make implementation time consuming, and the time remaining for that implementation is short.

When recognizing revenue over time, the objective is to do so in a pattern commensurate with the transfer of control to the customer.